SAN FRANCISCO (KGO) -- Pinterest is set to be the next Silicon Valley tech giant to go public following in the footsteps of ride-hailing giant Lyft.
The social media scrap-booking giant is part of the flood of huge Bay Area tech companies expected to file for an IPO in 2019, including Uber, Slack, Postmates, and AirBNB.
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In regulatory filing, Pinterest says it plans to sell 75 million Class A Shares at between $15-17 dollars each and hopes to raise $1.5 billion dollars.
CNET executive editor Ian Sherr spoke with ABC7 News about Pinterest's IPO including how Lyft's rocky IPO performance could affect the rest of the Silicon Valley tech titans.